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FOX News
Jan 12, 2013 1:00pm PST
negotiations and attempt at serious negotiations to slow the rate of spending on healthcare entitlements, medicare principally, in a dollar for dollar way with increases in the debt. president says he won't make eight straight trade. he won't describe it as a straight tradeoff. he want to de-couple about future discussions entitlements. whether they can come to an agreement whether it should be described one for one trade or two different ajsz is one of the reasons for the standoff. there is going to be a serious, i think, that is unvoidable there will be another attempt at this spring to rein in some of these entitlement spending and healthcare spending that is really the driving problem of our deficit and which they have gotten close to. >> jamie: it sounds like the way you are describing it, this the last point i would love for you to clarify -- even if we handle it right now we could be back here again at $18 trillion? >> we could be back here often. the law says in theory that congress has to permit borrowing. there is no chance under any of these scenarios our debt is not going to
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